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SOLD
MLS: 629395
Condo: Hilo Terrace #217
 
Asking Price: $60,000 Leasehold
Sold Price: $55,000
Sold Date: 09/11/2019
Type: Condo/Residential Condo
District: South Hilo
Street: 485 Waianuenue Ave
Neighborhood: Hilo
Beds: 2   Baths: 1
Living Area: 695 SF

Parking: Assigned
Days on Market: 1758
Year Built: 1963
Zoning: CG-20
Roads: Major Thoroughfare,Paved
Property Taxes: $494
Assessed Value: $55,400
Assessed Ratio: 108.3%
Listing Courtesy: Property Professionals Hawaii LLC.
Terms Acceptable: Cash
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Hilo Terrace - 2br/1ba - One of the nicest units in the entire complex.

Beautifully renovated! Probably the nicest unit in the entire complex. This is a leasehold interest purchase (conventional financing is NOT available). The master lease expires 12/31/2028. Monthly lease rent is $93.75. The fee interest is available for purchase once you become the leasehold owner. Fee interest purchase is currently $35,060 plus closing costs. The fee interest can be financed via a conventional mortgage. Monthly maintenance fee is $325.17 and includes common area electricity, water, sewer, association insurance and maintenance of the common areas. Individual units are sub-metered for electricity/trash. Unit is currently rented at $1100/mo, with tenants paying electric/trash. Please allow at least two days advance notice for showings.


 
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